Learn forex trading challenges for beginners. Is online forex trading illegal in Kenya? Forex is however illegal if you are operating another persons account on their behalf. This is because, unless you are a bank or a Sacco you do not have a right to handle other peoples money. The reason behind this is to protect the public from fraudsters or swindlers who could ask for your money by way of pyramid schemes.
I do not know how to defend local banks that are also engaged in the trading of forex online. One could argue that a bank is a legal person as a result of incorporation and is therefore engaged in trading just like you and me. But we all know that the money banks use in trading of forex come from depositors like you and me.
Probably VIPortal could point out this double standard if their case ever goes to trial. Purchase a credible forex eCourse and change your trading life within hours. Benefit from my timely trade recommendations on facebook Why are many Kenyans failing in the online forex business. How VIPortal got it wrong. Newer Post Older Post Home. Whatsapp forex signals Benefit from timely trade recommendations.
Ten things you did not know about online forex trading in Kenya but which are essential for any trader with plans to fund a live trading account. How price action traders can benefit from the VSA Indicator. Why I encourage Kenyan youths to learn how to trade forex and make money online. Are Kenyan forex traders the new group of reclusive millionaires? The reason why many forex traders in Kenya are losing their trading capital within the first week of funding their live trading accounts.
Recent Comments Recent Comments Widget. Copyright c Forex Investigator.More...